What was the amount of non-controlling interest for Browns Chicken in 2023?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
tegral part of these financial statements)
BROWN'S CHICKEN, LLC CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2023 AND 2022
LIABILITIES AND MEMBERS' EQUITY
| 2023 | 2022 | ||
|---|---|---|---|
| CURRENT LIABILITIES: | |||
| Accounts Payable | $ 16,968 | $ 11,819 | |
| Accounts Payable - VIE | 5,356 | 3,334 | |
| Accrued Payroll | 3,411 | 3,342 | |
| Notes Payable, Current | - | 4,446 | |
| Total Current Liabilities | 25,735 | 22,941 | |
| NON-CURRENT LIABILITIES: | |||
| Notes Payable, Non-Current | - | - | |
| Total Non-Current Liabilities | - | - | |
| Total Liabilities | 25,735 | 22,941 | |
| EQUITY: | |||
| Members' Equity (Page 5) | 533,296 | 512,892 | |
| Non-Controlling Inter |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Browns Chicken's 2025 Franchise Disclosure Document, the non-controlling interest for the company in 2023 was $87,136. This figure is part of the equity section of the consolidated balance sheets. It reflects the portion of equity in a subsidiary not attributable to the parent company, Browns Chicken, indicating that Browns Chicken has partial ownership in another entity.
This information is relevant for prospective franchisees as it provides insight into the financial structure and potential investments of Browns Chicken. Understanding the non-controlling interest can help franchisees assess the overall financial health and complexity of the franchisor's business operations. It shows that Browns Chicken has investments in other entities where it does not have full control.
Reviewing the balance sheets and related financial statements can give potential franchisees a more comprehensive view of Browns Chicken's financial standing. It is important to consider these figures in the context of the company's overall financial performance and stability when evaluating the franchise opportunity.